1.09 Dollars and Sense Quiz QUESTIONS WITH ANSWERS

1.09 Dollars and Sense Quiz QUESTIONS
WITH ANSWERS

1.​ Which great describes the motive of the use of cost-advantage analysis? -
ANSWER-make decisions that maximize blessings
2.​ Which nice explains why any dedication of price ought to move beyond counting the
money worried? - ANSWER-Calculations of cost and advantage are subjective.
3.​ Which describes stagnation? - ANSWER-while some thing is neither growing nor
shrinking
4.​ Which financial indicator measures monetary growth? - ANSWER-GDP over time
5.​ Which economic indicator might be most beneficial for figuring out how lots some thing
you obtain today cost 10 years ago? - ANSWER-Consumer Price Index
6.​ Which explains the boom inside the fee of an object from $10 in 1980 to over $25 these
days? - ANSWER-inflation
7.​ Which enables economists choose the overall condition of a particular u . S .'s
economy? - ANSWER-dimension of economic signs
8.​ Which is true of decisions made using cost-gain evaluation? - ANSWER-The quality
selection results in the most advantages with the fewest charges.
9.​ Which suggests that an financial system is stagnating? - ANSWER-The GDP is neither
growing nor shrinking.
10.​Which might bring about an boom in GDP? - ANSWER-extra levels of funding